HL Economics

World’s Best Economy

After viewing the class presentations on the worlds best economy, the current best economy seems to be the United States. It’s high GDP per capita, government expenditure on health care, and tertiary education rates, along with it’s history of power gives it an edge on most other economies. This is all with a captialist economy, so the government does not provide free health care like scandinavian countries, it is more privatized. However, due to the high growth rate of China, the US may not be on top for much longer. It’s growth has been slow or negative, so eventually a fast-growing economy will catch up. The best economy of the future will be China.